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Broker's calls
Broker's Calls
Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks
The analysts foresee that 2024 will mark an inflection downward for most Asean banks.
January 10, 2024
Broker's Calls
CGS-CIMB upgrades SIA to ‘add’ on expected strong results for 2HFY2024
Analyst Raymond Yap has also upped his target price to $6.91 as he sees re-rating catalysts for the airline.
January 10, 2024
Broker's Calls
Morgan Stanley downgrades Hongkong Land to ‘equal-weight’ amid weak Hong Kong office outlook
Despite buyback support from management, the analysts have also lowered their target price to US$3.80 from US$5.90 before.
January 08, 2024
Broker's Calls
CGS-CIMB ups TDCX’s target price to US$6.60 after privatisation offer
While the proposal is non-binding in nature, analysts Ong Khang Chuen and Kenneth Tan see that a deal is likely.
January 06, 2024
Broker's Calls
OCBC Investment Research lowers Seatrium’s TP to 17.5 cents as offshore wind faces ‘stumbling blocks’
Despite the lower target price, the OCBC team expects Seatrium to return to profitability in FY2024.
January 05, 2024
Broker's Calls
DBS lifts Bumitama Agri’s FY2023 earnings after 9MFY2023 earnings surpass expectations
Analyst William Simadiputra keeps his ‘buy’ call as he sees higher earnings prospects in FY2024 as well.
January 05, 2024
Broker's Calls
Maybank lowers Dyna-Mac’s TP to 38 cents to account for dilution from bonus warrants
Dyna-Mac's recent acquisition of Exterran Offshore is a plus in analyst Jarick Seet's book.
January 05, 2024
Broker's Calls
RHB names Sheng Siong and DFI as top picks in ‘overweight’ retail sector
The analyst sees stronger consumption on the cards with an accelerated GDP growth in 2024.
January 05, 2024
Broker's Calls
UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred
CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.
January 04, 2024
Broker's Calls
Analysts keep TPs and estimates despite Seatrium’s project cancellation
The cancellation may negatively impact Seatrium's share price despite the relatively small contract compared to its order book.
January 04, 2024